Koramco Asset Trust Selects Pebblestone Asset Management as Preferred Bidder for Yeouido Hana Securities Building

by Lee Jungyun

Published 13 Mar.2026 08:14(KST)

Exterior view of Yeouido Hana Securities Building. Koramco Asset Trust

Koramco Asset Trust announced on March 13 that Pebblestone Asset Management has been selected as the preferred bidder for the sale of the Yeouido Hana Securities Building, which is owned by Koramco The One REITs, a KOSPI-listed real estate investment trust.

Previously, in February, Koramco Asset Trust had initiated the sale process for the Hana Securities Building, an asset held by Koramco The One REITs, by formally commencing the divestment procedures.

However, since Hana Securities, the main tenant of the building, holds a purchase option, the future course of the transaction will depend on whether this right is exercised. Hana Securities must notify Koramco Asset Trust of its intention to exercise the purchase option within one month from the date it is notified of the preferred bidder selection. If the right is exercised, the transaction will be concluded within approximately two months after notification. If Hana Securities does not exercise its purchase option, Koramco Asset Trust will proceed with the sale process together with Pebblestone Asset Management, the preferred bidder.

The Yeouido Hana Securities Building is located at 82, Uisadang-daero, Yeongdeungpo-gu, Seoul, with a site area of 7,570 square meters and a total floor area of 69,826 square meters. It is a major business facility within the Yeouido Business District (YBD). Although the current floor area ratio is around 580%, future development of up to approximately 1,200% is possible according to the Yeouido Financial District Urban Management Plan.

A representative from Koramco Asset Trust stated, "Since the Yeouido Hana Securities Building is the only asset of Koramco The One REITs and the preferred bidder has been selected swiftly and transparently through a public bidding process, we plan to carry out the remaining procedures smoothly and without delay to deliver optimal results to our investors."